A partnership between Jasko Development and Zelman Real Estate is proposing an apartment housing development at the site of the former Showcase Cinemas at 936 Silver Lane. The Town purchased the property and demolished the theater building to prepare it for development in 2019. Plans call for up to 360 residential units to be constructed over two phases, along with modern amenities such as a clubhouse, pool, and dog park.
The development will appeal to residents who currently lack a selection of modern housing options in East Hartford, including young professionals, empty nesters, and engineers at Pratt & Whitney and the Raytheon Technologies Research Center.
The development will create an estimated 406 temporary construction jobs, $2.2 million of local property tax revenue, increased local annual spending of $11.1 million, and a total annual economic impact on the community of $14.1 million annually. This increased local spending power would help make it possible for a variety of new businesses to locate on and around the Silver Lane corridor.
On September 13, 2021, the East Hartford Town Council voted to authorize the Mayor to proceed towards a purchase and sale agreement with the partnership. On February 15, 2022, the Town Council voted to approve development and tax agreements with the partnership.
Jasko Development, Zelman Real Estate, and their owners have successfully developed commercial and residential properties in Connecticut and New York for over a decade, including in Bloomfield, Vernon, New Britain, Enfield, Bristol, and Torrington. Jasko is currently constructing a 111-unit luxury residential project on a 20-acre property in Bloomfield.